Ocwen and GreenPath Financial Wellness Hold “Summer of Help & Hope” Borrower Outreach Event in Wisconsin
June 27, 2017
Milwaukee event helped struggling homeowners prevent foreclosure and better afford their homes
Ocwen and GreenPath Financial Wellness (GreenPath), a nationwide, non-profit financial counseling and education organization, hosted a borrower outreach event in Milwaukee, Wisconsin, as part of Ocwen’s “Summer of Help & Hope” borrower outreach event effort. The “Summer of Help & Hope” initiative is focused on helping struggling homeowners explore options to better afford and remain in their homes.
This event, which focused on foreclosure prevention, was held on June 22, 2017, from 2:00 pm – 7:00 pm Central Time at GreenPath’s offices at 10101 W Greenfield Ave., Suite 110, Milwaukee, Wisconsin.
At this event, Ocwen customers who are struggling to meet their mortgage obligations had the opportunity to meet one-on-one with Ocwen Home Retention Agents and GreenPath housing counselors to discuss loan modification programs that could help reduce their monthly payments.
Ocwen currently services more than 12,870 loans in Wisconsin, and from January 1, 2008 through March 31, 2017, Ocwen has provided borrowers in the state more than 8,150 loan modifications. Approximately 32 percent of these modifications included principal forgiveness totaling more than $91.9 million, or on average $34,600 per loan. These modifications greatly benefited homeowners who owed more on their mortgage than their home was worth.
“Affordable homeownership stabilizes families and builds strong communities,” said Jill Showell, Senior Vice President of Government and Community Relations at Ocwen. “We appreciate the opportunity to work with GreenPath, a well-respected non-profit organization experienced in helping struggling homeowners find the right solution for their individual situation, and were encouraged homeowners in need of assistance attended the event.”
Since January 1, 2008, Ocwen has granted over 735,000 loan modifications, including approximately 75,000 in 2016, and is responsible for 20 percent of all modifications under the U.S. Department of the Treasury Home Affordable Modification Program, the federal government’s leading modification program. Ocwen also has provided billions of dollars in principal forgiveness to homeowners at risk of foreclosure.